President Donald Trump rejected the notion that the U.S. will invest in Iran following the deal to cease hostilities and begin nuclear negotiations.
"We are not investing any money in Iran, by the way, and with that rumor got out there yesterday was ridiculous," Trump told reporters on the sidelines of the G7 summit in Evian, France.
"We have the right to go in some day and do, if I want to do something, or if somebody wants to do something, but we are not investing any money," he added.
Trump appeared to make reference to reports about the potential creation of a $300 billion fund to invest in the reconstruction of Iran. Vice President JD Vance said on Monday that such a fund was the " ort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation."
The text of the memorandum of understanding with Iran has yet to be released, with Trump saying it will likely be released on Friday after the signing ceremony.
Speaking to press while meeting with French counterpart Emmanuel Macron, Trump said he wants the agreement's wording to be released "because it's a very powerful document."
"It's not like the Obama document, which was just a terrible document. This is a very powerful document and I want it to be released, so probably pretty soon," Trump said, in reference to the nuclear deal signed by then-President Barack Obama during his administration.
Obama also reacted to the deal, saying he is "doubtful" that the new agreement is "significantly different" to the one Tehran agreed to during his administration.
Earlier on Monday, JD Vance said "a lot" of details still need to be negotiated with Iran to formally end the war, but claimed the U.S. holds "all the cards" in the upcoming talks.
Speaking on CNBC's Squawk Box, Vance claimed that the two most important achievements of the deal are reopening the Strait of Hormuz and getting Iran to formally commit to never pursue the development of a nuclear weapon.
Should Tehran abide by its commitments, the country will see the loosening of economic sanctions and the removal of other barriers that will allow it to be "reinvited into the world economy."
Vance went on to say that "there are a lot of very important details to figure out that we're actually going to sit at the table and discuss together and figure out a path forward on these details."
